Coast Re 1001 Cram, Practice Math And Final Exam Questions And Answers 2024( A+ Graded 100% Verified).

300. Which of the following is essential for a deed to be valid? a. Competent grantee, both legally and mentally b. Acknowledged and recorded c. Signed by the grantor and/or grantors d. Stipulates the exact amount of consideration involved {Ans: C. Signed by the grantor and/or grantors}126. What method can be used to depreciate residential real estate purchased after 1986? a. 27.5 years straight-line b. 39 years straight-line c. 27.5 years double declining d. 39 years double declining {Ans: A. 27.5 years straight-line}133. What are ad valorem taxes? a. Special assessment taxes b. Real estate property taxes c. Income taxes d. Quasi-taxes {Ans: B. Real estate property taxes}41. Complete the sentence. If a licensee does not dispute a citation, it has the same effect as a: a. Cease and desist order b. Reprimand c. Final order d. Formal complaint {Ans: C. Final order}21. The Florida Real Estate Commission may do all of the following, EXCEPT: a. Impose imprisonment as a penalty b. Pass rules to implement the license law c. Make determination of violations d. Establish licensing fees {Ans: A. impose imprisonment as a penalty}833. An involuntarily inactive sales associate sends in a renewal along